
Any stand down pathway in Middle East could swing oil to the downside, says Clearview's Kevin Book
Kevin Book, Clearview Energy Partners managing director, joins 'The Exchange' to discuss the Israel-Iran conflict impact on oil.

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Bloomberg
an hour ago
- Bloomberg
Pres. Trump Sends Mixed Iran Signals With Ceasefire Hint
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Kenneth Pollack, Vice President for Policy at the Middle East Institute, discusses President Trump's two week delay on deciding whether or not the US will strike Iran. PWC National Tax Office Co-Leader Rohit Kumar shares his thoughts on the latest with the Tax Bill & the US Senate. Rebecca Shi, American Business Immigration Coalition Executive Director, discusses the impact ICE raids are having on the US labor force. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Markets flatline amid Trump's delay on Iran and potential Fed cuts in July
The S&P 500 dipped 0.2% on Friday as investors waited on President Donald Trump's next move on Iran and a possible rate cut from the Federal Reserve in July. Markets closed off a lackluster week as the major stock indices either slightly dipped or remained flat on Friday. The S&P 500 posted a daily drop of 0.2% and a weekly decline of 1.3%. The Nasdaq dropped 0.5%, and the Dow Jones was essentially flat with a daily gain of 0.1%. The end of the short trading week—U.S. markets were closed on Thursday in observance of Juneteenth—came as the White House said Thursday evening that President Donald Trump would decide within two weeks whether to strike Iran. The commander-in-chief had been weighing military action after Israel, a key U.S. ally in the Middle East, began trading missile and drone strikes with the Islamic Republic last Thursday. 'We know exactly where the so-called 'Supreme Leader' is hiding,' Trump posted on social media on Wednesday, referring to Iran's Ayatollah Ali Khamenei. 'He is an easy target, but is safe there – We are not going to take him out (kill!), at least not for now.' A potential U.S. entrance into the conflict between Israel and Iran could heighten tensions in the region and further disrupt oil trade. Oil prices fell on Friday, in a likely sign that traders were relieved that Trump decided to delay conflict with Iran for two weeks. 'That means two weeks of uncertainty for financial markets, but investors are still inclined to see the Middle East conflict as a local, not a global, economic issue,' Paul Donovan, chief economist of UBS Global Wealth Management, said in a Friday analyst note. Meanwhile, Christopher Waller, a member of the Federal Reserve Board of Governors, said Friday that the U.S. central bank may cut interest rates as early as July. 'That would be my view, whether the committee would go along with it or not,' Walker said in an interview with CNBC. On Wednesday, the Fed decided to hold interest rates steady for its fourth meeting in a row. Meanwhile, Trump has pushed for interest rate cuts since he took office in January. 'Uncertainty about the economic outlook has diminished but remains elevated,' wrote the Fed in a Wednesday statement. While the central bank struck a cautiously optimistic approach to the U.S. economy, some analysts were more pessimistic. 'The slump in single-family construction is deepening, another headwind to activity and employment,' wrote Samuel Tombs and Oliver Allen, economists for Pantheon Macroeconomics, in a Friday research note. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Palantir Stock Soars 85% in 2025; Defense Role Grows Amid Israel-Iran Conflict
Palantir Technologies (PLTR, Financials) is up 85% year to date as rising Middle East tensions spotlight its expanding role in defense intelligence. The software firm's battlefield decision-making tools and government contracts are drawing investor interest, with analysts debating whether the rally still has legs. The recent conflict between Israel and Iran has intensified demand for AI-driven military solutions; Palantir is already a known partner of Israel's defense ministry and a key U.S. government contractor. In Q1 2025, the company reported 39% revenue growth, led by a 55% jump in U.S. sales. Its commercial U.S. business also crossed a $1 billion run rate for the first time. Still, Palantir's valuation is a sticking point; its forward price-to-earnings ratio stands at 240ten times the sector median. While Loop Capital raised its target from $130 to $155, calling the company a software leader in enterprise AI, Citi warned of overvaluation and pointed to uncertainty around major defense deals. Wall Street remains divided. The stock holds a Hold consensus based on 3 Buys, 10 Holds, and 4 Sells. The average price target is $104.27, implying a 25.5% downside. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data